This subject has two shades. It has been a boon for a set of students and for some, it has been a curse.
So we decided to go deep into the matter and have inquired 300+ students, which includes students who have been failing this subject for at least two attempts and students who have got exemptions. We also extracted much needed info from a student from Vijayawada who scored 86 in this subject.
Almost all the students who succeeded in this have noted the same point, PRACTICING WITH PEN AND A BOOK. A close analysis of the preparation style of students who have been failing revealed that, most of them were just going through the questions and not putting them on to the paper. Not just Seeing, PRACTICE, PRACTICE and PRACTICE. By looking at the book, it looks like everything is ok, but once you put the pen on the paper, it wont move after two steps.
Second point is the presentation. Costing is all about presentation. You may bring the solution, but unless you present it in a format, you are not going to score marks. We have obtained the certified copies of a few students which revealed the same.
Important Chapters/Topics:
Costing:
- Material Cost
- Contract Costing
- Marginal Costing
- Joint and By Products (Theory)
Financial Management:
- Cost of Capital
- Cash Flow Statement
- Management of Working Capital
Costing and FM Important Theory
Costing:
Discretionary Costs
Conversion Cost
Product Costs Vs Period Costs
Bin Cards Vs Stores Ledger
Allocation and Apportionment
Accounting Treatment for Over-time Premium
Short Notes on General Ledger Adjustment Account
Advantages of Cost-Plus Contract
Financial Management (FM):
External Commercial Borrowings
Business Risk Vs Financial Risk
ADR Vs GDR
Role of CFO
Types of Floats in the context of Cash Management
Benefits of Optimum Capital Structure
Ploughing Back of Profits
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